Zhongchao Inc. Announces 1-for-8 Share Consolidation to Regain Nasdaq Compliance

Zhongchao Inc. will consolidate its shares 1-for-8 to regain compliance with Nasdaq Marketplace Rule 5550(a)(2). The consolidation will affect all shareholders uniformly and reduce the number of outstanding Class A ordinary shares from 25,754,124 to approximately 3,219,267 and Class B ordinary shares from 4,999,772 to approximately 624,972. The consolidation was approved by the Company's shareholders and board of directors on February 10, 2026.